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SPY trade ideas

SPY/QQQ Plan Your Trade For 2-6-25: Counter-Trend RALLY Today's pattern is a counter-trend Rally pattern. I read this as a downward trending type of rally phase/bar. Much like yesterday's rally in the markets. Today should be just the opposite - a downward trending bar. I believe this is a move downward setting up the Deep-V pattern which should hit early next week. I suggest traders prepare for a rollover-topping pattern near this upper resistance area and prepare for the markets to move downward - seeking support. Gold and Silver will likely move downward as well if the market does roll over, as I suspect. Gold and Silver tend to move downward when the markets shift into a downward trend. Bitcoin is trapped within a range (again), and it appears that over the next few days, it will attempt to move downward with the markets. Again, the next four to five days will be a do-or-die type of move. I've been telling all of you this Deep-V breakdown will happen for more than thirty days, so I'm watching to see if it really does happen. Either way, it is now a bad idea to take some profits near these highs in preparation for any potential breakdown. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
$SPY February 6, 2025AMEX:SPY February 6, 2025 15 Minutes. Yesterday we had 604 levels. Today for the rise 598.58 to 604.36 holding 602 levels we can expect 605-606 levels as initial target. Once 606 is held i expect 609-610 levels tomorrow or by Friday. AMEX:SPY is above all moving averages. At the moment uptrend intact as long AMEX:SPY above 598 levels being the last LL. Not for shorting today as per chart at the moment. The top of channel is around 610 levels for the day on time.
AMEX:SPYLong
by RiderTrader
2
SPY Technical Analysis and GEX Option Insights: February 6, 2025Technical Analysis: 1. Current Price Action: * SPY is trading near $604.74, showing a breakout attempt. * Immediate resistance is at $609.96 (today's high), while strong support lies near $600.00. * The symmetrical triangle formation suggests a potential continuation, with volume confirming bullish momentum. 2. Indicators: * MACD: Bullish crossover indicates upward momentum, but a flattening signal line warrants caution. * Stochastic RSI: Overbought levels near 99, signaling possible consolidation or pullback. * Volume: Increasing volumes support upward movement but require sustained buying pressure to confirm the breakout. 3. Trend Lines: * Upside potential toward $615.00 (2nd Call Wall) if SPY clears $610.00. * Breakdown below $600.00 could revisit $595.00. Gamma Exposure (GEX) Insights: 1. Key GEX Levels: * Call Resistance: $610.00 and $615.00 are major resistance zones. * Put Support: $600.00 (strong gamma hedge zone) and $595.00 (critical floor). 2. Options Sentiment: * GEX: Dominated by 68.5% puts, signaling hedging at lower levels but potential for squeeze if buyers persist. * IVR/IVx: 15.5% IVR, indicating options are relatively inexpensive, suitable for directional plays. * Skew: High put open interest suggests a bearish skew, but a breakout could trigger a gamma squeeze. Trade Setup Suggestions: 1. Bullish Scenario: * Entry: Above $610.00. * Targets: $615.00, $620.00. * Stop-Loss: $600.00. 2. Bearish Scenario: * Entry: Below $600.00. * Targets: $595.00, $590.00. * Stop-Loss: $610.00. Thoughts: * SPY shows bullish potential but is overextended short-term. * A confirmed breakout above $610.00 could lead to a gamma squeeze toward $615.00+. * Failure to sustain above $600.00 may invite sellers to retest lower supports. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your research and risk management before making trading decisions.
AMEX:SPY
by BullBearInsights
2
SPY/QQQ Plan Your Trade 2-5-25 Update : Rally PatternRight now, the markets continue to struggle to move higher. We are seeing a solid upward price trend, but I'm watching the MNQ and metals for any signs of weakness. At this stage of the market's price action, I'm cautiously waiting for the ROLLOVER to setup. My patterns suggest we move into a Counter-Trend Rally phase tomorrow (which would be a downward trending bar). I believe the end of the trading day may see a very solid Long-Squeeze (trending downward) today. And, as of right now - I'm just sitting on my trades, waiting for the Rollover to happen. I would not suggest taking any big long trades right now unless you are prepared for the risks. Sometimes, this is what trading is all about. Looks like things are going to get very exciting over the next 3-5+ days. GET SOME. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
5
$SPY Analysis, Key Levels & Targets for Day Traders Feb 5 2025AMEX:SPY Analysis, Key Levels & Targets for Day Traders We are sitting right at the 35EMA above the 30min 200MA which is still bullish. We have a green signal line, and we are above the 50 Day Moving Average. We do have a bearish signal which is the 1hr 200MA trading underneath the 50 Day moving Average So we are have mixed signals today, leaning bullish but not fully bullish. Implied move on the day is 596 to 607 - let’s go, y’all
AMEX:SPY
by SPYder_QQQueen_Trading
Technical Analysis for SPY (30-Minute Chart) - February 5Market Structure Analysis * SPY is consolidating near the $599-$600 level after a recent bounce off the $590 support zone. This indicates a short-term range between $595 and $601. * The MACD is flat and slightly bullish, suggesting indecision but with a potential upward momentum if buyers sustain pressure above $600. * The Stochastic RSI is near the overbought zone, signaling caution for potential pullbacks or consolidation. GEX (Gamma Exposure) Insights * Put Wall: Significant put support at $590, indicating strong downside protection. * Call Resistance: Notable resistance at $610 and $615, suggesting a challenging path for SPY to break above these levels in the current session. * Gamma Bias: With 71.8% puts, the market sentiment leans bearish, but the strong gamma support at $590 suggests limited downside. Directional Bias * The GEX data and technical levels indicate a neutral-to-slightly-bullish bias as long as SPY holds above $595. If the price breaks below this level, expect increased bearish momentum. Trading Suggestions 1. Call Option Strategy: * Buy a 7 DTE call option if SPY breaks above $601 with strong volume. * Entry: Above $601 * Target: $605-$610 * Stop-Loss: Below $599 2. Put Option Strategy: * Buy a put option if SPY breaks below $595 with increased selling volume. * Entry: Below $595 * Target: $590-$585 * Stop-Loss: Above $597 Key Levels to Watch * Resistance Levels: $601, $605, $610 * Support Levels: $595, $590, $580 Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always do your research, manage your risk, and consult a financial advisor before trading. The GEX indicator updates every 15 minutes; check real-time data for informed decision-making.
AMEX:SPY
by BullBearInsights
$SPY Analysis, Key Levels & Targets for Feb 4 2025So in today’s trading range, we are just a little bit above the 50 day moving average that level is in focus above that we have the 30 minute timeframe 30 minute trading under the 35 EMA that is still bullish. There’s not a whole lot of momentum Here right now we got pushed back from all time highs last week and pushed right back to the 50 day moving average, which is flat, and the one hour 200MA which is also flat. (From down) We do have a support level after filling that gap at 590 on the day. Overall, the general momentum looks pretty flat with a bar gap in the upper part of the trading range . I have iron condors, and iron butterflies on from yesterday so the flatter the better today for me.
AMEX:SPY
by SPYder_QQQueen_Trading
SPY GEX Analysis and Option Trading SuggestionsKey Observations from GEX Chart 1. Call Resistance: * $610 is the key resistance level, marked by the highest positive gamma exposure, likely acting as a ceiling for SPY. * Additional resistance is present at $603. 2. Put Support: * $595 serves as critical support, aligning with the highest negative gamma exposure. * Below this, $580 is the next major support zone, with high put concentration. 3. Gamma Pivot Zone: * $600 is the gamma pivot point. Holding above this level signals bullish momentum, while a rejection could push SPY lower. 4. IVR (Implied Volatility Rank): * IVR at 24.6, indicating moderate implied volatility, making options relatively affordable for trading. 5. Implied Volatility (IVx): * IVx at 19.2, reflecting a slight uptick in implied volatility (+1.47%). Option Trading Suggestions 1. Bullish Scenario: * If SPY sustains above $603: * Trade Idea: Buy a Call Debit Spread. * Strike 1: $605 (Buy Call) * Strike 2: $610 (Sell Call) * Expiry: 2 weeks out. * Reasoning: Capitalizes on potential movement towards the key resistance at $610. 2. Bearish Scenario: * If SPY breaks below $595: * Trade Idea: Buy a Put Debit Spread. * Strike 1: $595 (Buy Put) * Strike 2: $580 (Sell Put) * Expiry: 2-3 weeks out. * Reasoning: Targets downside momentum towards the $580 support zone. 3. Neutral Strategy: * For consolidation between $595 and $610: * Trade Idea: Sell an Iron Condor. * Sell Put: $595 * Buy Put: $580 * Sell Call: $610 * Buy Call: $620 * Reasoning: Profits from time decay within the identified range with limited risk. Thoughts and Insights * Critical Levels: * Support: $595, $580 * Resistance: $603, $610 * Momentum Analysis: Holding above $600 with increasing volume confirms bullish sentiment, while breaking below $595 signals bearish pressure. * Volatility Context: Low IVR suggests initiating directional trades or neutral strategies with moderate premium costs. Reminder: GEX data updates every 15 minutes. Always refer to real-time data to adjust trading strategies accordingly. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk effectively when trading.
AMEX:SPY
by BullBearInsights
$SPY Trading Range for Monday Jan 3rdAll right this trading range is based on the one standard standard deviation movement off of Friday’s closee We gapped down underneath the downward facing one hour 200 moving average into the up gap from January 17 which was a previous support on January 27. Now we are underneath it. We’re making lower lows and we also gapped underneath the 30 minute two hundreds moving average and the 50 day moving average so look to those levels as resistance for now. Below us we have an island gap that needs to be filled and it’s really close. I wouldn’t be surprised if we head there next .
AMEX:SPY
by SPYder_QQQueen_Trading
12
SPY/QQQ Plan Your Trade Feb 3, 2025 Afternoon UpdateWell, it seems everyone did quite well playing my prediction of a breakdown (again) in the markets today. Last week, I continued to warn the markets were very fragile and would likely break downward aggressively. Of course, the political drama (tariffs) helped to move the markets a bit this weekend. But, still, it was great to hear from everyone who made a healthy profit today. GET SOME. I also have been getting questions about the RALLY - RALLY - (counter-trend) RALLY setting up on Tuesday, Wednesday, and Thursday this week. So, I created this video to help you understand why I believe those RALLY days will be rather muted on Wednesday/Thursday and maybe a type of topping pattern on Tuesday. I see the markets as breaking downward (breaking away from the dual Excess Phase Peak patterns), and because of that, I see the markets should attempt to move aggressively downward over the next 15+ days. I don't see any reason for the markets to mount a big rally right now - unless we are talking about a pullback in a downtrend. So, watch this video, pay attention to what I see, and then we'll see how things play out. Go GET SOME. This is a true trader's market. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny